Last Sold Price
6 beds4,508 sqft$92/sqft
2603 Institute Rd SW, Rochester, MN 55902

Description

LISTING CLOSED: 05/06/2016 12:00 AM

Property Details for 2603 Institute Road Southwest

Status
MLS #
5126895
Days on Compass
72
Taxes
$4,714 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential / Single Family Residence
Year Built
1973
Lot Size
2.93 AC / 127,630 SF
Subdivision Name
Institute Hills
Waterfront YN
No

Recent comparable sales

Median sold price

$850,000

Avg days on market

49

Sale-to-list ratio

93.6%

[Rochester, MN]

9 comparable properties found

$772,000 | 1520 Monterey Lane Southwest, Rochester, MN 55902
1

$772,000

Sold 03/27/26

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Bedrooms
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Square Feet
0.3
Acres
$980,000 | 2728 Headland Court Southwest, Rochester, MN 55902
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2

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Sold 06/26/26

6
Bedrooms
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Square Feet
2.16
Acres
$850,000 | 1553 Echo Ridge Road Southwest, Rochester, MN 55902
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3

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4,456
Square Feet
0.31
Acres
$595,000 | 1900 Stonewall Lane Southwest, Rochester, MN 55902
1/61
4

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3,904
Square Feet
0.36
Acres
$705,000 | 3232 Fox Hollow Court Southwest, Rochester, MN 55902
5

$705,000

Sold 11/26/24

6
Bedrooms
4,889
Square Feet
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Acres
$750,000 | 3134 Sherburn Place Southwest, Rochester, MN 55902
1/72
6

$750,000

Sold 07/09/25

6
Bedrooms
4,803
Square Feet
1.15
Acres
$871,000 | 2207 Baihly Heights Drive Southwest, Rochester, MN 55902
7

$871,000

Sold 06/27/25

6
Bedrooms
4,212
Square Feet
0.36
Acres
$950,000 | 4082 Autumn Lake Court Southwest, Rochester, MN 55902
1/52
8

$950,000

Sold 06/11/25

6
Bedrooms
3,731
Square Feet
0.34
Acres
$1,185,000 | 3942 Autumn Lake Court Southwest, Rochester, MN 55902
1/89
9

$1,185,000

Sold 11/13/25

6
Bedrooms
4,442
Square Feet
0.3
Acres

Location

Add your commute

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Building Information for 2603 Institute Road Southwest

Stories-Year Built1973Building Size-Lot Size2.93 AC / 127,630 SF

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$2,502 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,109

Property Taxes

$393

HOA Dues

$0

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Property Information for 2603 Institute Road Southwest

Summary
Location and General Information
  • City Name: Rochester
  • County Or Parish: Olmsted
  • County: Olmsted-MN
  • Directions: Bamber Valley Rd, left on Institute Rd SW, immediate left into the circle driveway of property.
  • Latitude: 43.9877228601
  • Longitude: -92.5026919352
  • Map Coordinate: -
  • Map Coordinate Source: King's Street Atlas
  • City and Location: Rochester
  • City and Location Text: Rochester(MN)
  • Postal Code: 55902
  • State Or Province: MN
Taxes and HOA Information
  • Additional Parcels: No
  • Association: No
  • Parcel Number: 641614062690
  • Tax Annual Amount: $4,714.00
  • Tax Legal Description: SECT-16 TWP-106 RANGE-014 INSTITUTE HILLS 1ST SUB ANX LOT-007 LOT 7
  • Tax Other Annual Assessment Amount: $21,527.14
  • Tax Year: 2015
  • Tax With Assessments: 26241.00
School Information
  • Elementary School: Bamber Valley
  • High School: Mayo
  • High School District: 535 - Rochester
  • Middle Or Junior School: Willow Creek
  • School District Number: 535
  • School District Phone: 507-328-3000
Property
Lot Information
  • Above Grade Fin SQFT: 3308.0
  • Below Grade Fin SQFT: 1200.0
  • SQFT Total: 4508.0
  • Lot Features: Public Transit (w/in 6 blks), Corner Lot, Tree Coverage - Medium
  • Lot Size Area: 2.93
  • Lot Size Dimensions: 500 x 368
  • Lot Size Square Feet: 127630.8
  • Lot Size Units: Acres
  • Other Structures: Workshop, Storage Shed
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
Utilities
  • Sewer: City Sewer/Connected
  • Water Source: Well
Interior and Exterior Features
Exterior Features
  • Fuel: Natural Gas
  • Road Frontage Type: City Street
  • Roof: Asphalt, Other
Interior Features
  • Appliances: Dishwasher, Exhaust Fan, Iron Filter, Range, Refrigerator, Washer, Water Softener Owned
  • Basement Type: Block, Finished, Full
  • Amenities Unit: Deck,Hardwood Floors,Kitchen Window,Natural Woodwork
  • Bath Desc: 1/2 Basement,3/4 Basement,Main Floor 1/2 Bath
  • Bathrooms Full: 1
  • Bathrooms Half: 2
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 2
  • Bathrooms Total Count: 5
  • Bedrooms Total: 6
  • Fireplace Features: Wood Burning
  • Fireplaces Total: 1
  • FireplaceYN: Yes
  • Cooling: Central Air
  • Dining Room Description: Eat In Kitchen,Separate/Formal Dining Room
  • Garage Square Feet: 528
  • Heating: Fireplace(s), Hot Water
  • Levels: Two
  • Room Type: Living Room, Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Extra Room 1, Extra Room 2, Extra Room 3, Extra Room 4, Extra Room 5, Extra Room 6

Property History for 2603 Institute Road Southwest

DateEvent & SourcePriceAppreciation
May 6, 2016

Sold (Public Record)

Public Record #1081283864

$415,000
May 6, 2016

Sold

NorthStar #5126895

$415,000
Mar 12, 2016

Pending

NorthStar #5126895

DateEvent & SourcePrice
05/06/2016

Sold (Public Record)

Public Record #1081283864

$415,000
05/06/2016

Sold

NorthStar #5126895

$415,000
03/12/2016

Pending

NorthStar #5126895

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 2603 Institute Road Southwest

Taxable ValueLand$150,000Additions$491,600Total$641,600
Tax Record2025$9,271 ($773 / month)
Home Facts
Beds6Baths4Total Finished SqFt4,258 SqFtAbove Grade Finished SqFt3,308 SqFtFinished Basement SqFt950 SqFtStories2Lot Size127,892 SqFtStyleSingle Family ResidenceYear Built1973Year Renovated1990CountyOLMSTEDAPN64.16.14.062690

Schools near 2603 Institute Road Southwest

This home is within Rochester Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Bamber Valley Elementary School
PublicPK to 5

John Adams Middle School
Public6 to 8

Mayo Senior High School
Public9 to 12

Alc Summer Credit Recovery
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Property Brokers of Minnesota

Based on information submitted to the MLS GRID as of 03/08/2021 10:47 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.